I just received this article and am wondering just exactly want it means for us, the customers? Will we notice a change in the very near future? Will we finally have some water pressure all day?
MANILA WATER Co., Inc. has signed and executed a joint venture agreement (JVA) with the Lambunao Water District to handle the water system of the town in Iloilo province in a 35-year project that will entail a capital expenditure of P78.98 million.
The deal covers the design, construction, rehabilitation, maintenance, operation, financing, expansion and management of the water system in Lambunao municipality.
Manila Water said upon the completion of conditions precedent set out in the JVA, the Ayala-led company, through its designated wholly owned subsidiary, shall execute the project for 35 years.
The project is estimated to deliver a potential billed volume of 2.93 million liters per day by year 2054.
Separately, the Ayala-led company disclosed signing and executing a similar JVA with the Calbayog City Water District (CCWD).
Upon completion of the conditions precedent set out in the JVA, Manila Water, through its wholly owned subsidiary, Calbayog Water Co., Inc. and CCWD shall execute the project for 25 years from start date as defined in the JVA.
—Please continue reading at Manila Water Inks JV Deals for Lambunao-Calbayog Districts